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Jyoti Power Ltd. decided to issue 8,50,0...

Jyoti Power Ltd. decided to issue 8,50,000 equity shares of Rs. 10 each at a premium of Rs. 3 per share. The whole amount was payable on application. Applications for 20,00,000 shares were received. Applications for 3,00,000 shares were rejected and shares were allotted to the remaining applicants on pro-rata basis. Pass necessary Journal entries for the above transactions is the books of the company.

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Amount returned Rs. 1,49,50,000 .
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DK GOEL-COMPANY ACCOUNTS - ISSUE OF SHARES -PRACTICAL QUESTIONS
  1. A limited Company was registered with a capital of Rs. 5,00,000 in sha...

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  2. On 28-2-2016 the first call of Rs. 2 per share became due on 50,000 eq...

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  3. Jyoti Power Ltd. decided to issue 8,50,000 equity shares of Rs. 10 eac...

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  4. Govind Ltd., issued a prospectus inviting application, Rs. 5 on allotm...

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  5. X Ltd. issued shares for Rs. 20,00,000 divided into shares of Rs. 10 e...

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  6. A Company invited applications for 5,000 shares of Rs. 100 each. The a...

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  7. On October 1, 2018 X Ltd. offered 1,00,000 shares of Rs. 10 each payab...

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  8. X Ltd. was registerd with an authorised capital of 2,00,000 shares of ...

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  9. Alfa Ltd. issued 5,000 shares of Rs. 100 each at par. The amount payqa...

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  10. Dinesh Ltd. issued 5,000 shares of Rs. 100 each at par, payable as fo...

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  11. Fast Food Ltd. issued a propspectus offering 10,000 equity shares of R...

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  12. Z Ltd. was registered with an authorised capital of Rs. 10,00,000 divi...

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  13. W Ltd. issued 10,000 shares of Rs. 100 each. During the year only Rs. ...

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  14. Suvidha Ltd.' is registered with an authorised capital of Rs. 10,00,0...

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  15. Xansa Ltd. offered 22,000 equity shares of Rs. 100 each to the public ...

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  16. David Ltd. issued Rs. 40,00,000 equity shares of Rs. 10 each out of it...

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  17. On 1st April, 2014, Blue Heaven Ltd. was formed with an authorised cap...

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  18. Surya Tubes Limited issued 20,000 shares of Rs. 100 each. The due amou...

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  19. A, who holds 200 shares of Rs. 100 each, has paid only Rs. 25 per shar...

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  20. Pass journal entries for the forfeiture and re-issue in the following ...

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